Nigeria needs policies to retain foreign portfolio investment-Ezeh, CEO, Everdon BDC

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Naira currency: Ajami must go
A map of Nigeria

 

The VFD Group is a proprietary investment company with subsidiaries in banking, asset management, real estate, currency exchange and mortgage financing. In this interview, Chief Executive Officer of Everdon BDC, the currency exchange subsidiary of the Group,  Theresa Ezeh  speaks on the firms outlook for the foreign exchange market, Foreign Portfolio Investment (FPI) inflows and recent measures to increase inflow of diaspora remittances into the country.

By Babajide Komolafe

Last year the naira depreciated by 28.3 percent in the parallel market and by 5.1 percent in the I&E window. Some analysts have predicted further depreciation this year. What is your outlook in this regard?

There is a factor which we overlook when we think of currency or exchange rate. We forget that beyond being a function or an economic indices, the market is largely a function of a demand and supply, push and pull situation. So there are several factors responsible for where this…



Source: Vanguard Newspaper